商品普遍上涨，铁矿延续强势：申万期货早间评论-20250327

Core Viewpoint - The article highlights the general rise in commodity prices, with a strong performance in iron ore, amidst ongoing discussions between China and the U.S. regarding trade relations and tariffs [1] Group 1: Commodity Market Overview - Domestic commodity futures closed mostly higher, with energy and chemical products rising nearly 1%, and black metals showing an overall increase, particularly iron ore which rose by 1.48% [1] - Agricultural products showed mixed results, while basic metals experienced varied movements, with nickel up by 0.57% and copper down by 1.08% [1] Group 2: Key Commodities - Apple: The futures market for apples surged due to changes in delivery warehouses, with a reported cold storage inventory of 5.0061 million tons, a decrease of 234,500 tons from the previous week [2][35] - Iron Ore: Despite weak performance expectations due to supply-side changes, iron ore demand is expected to recover marginally as steel mills show strong recovery momentum [3][27] - Urea: Urea futures continued to rise slightly, with market prices in Shandong ranging from 1,850 to 1,900 yuan per ton, supported by demand and inventory reduction [3][34] Group 3: Domestic and International News - International News: The Federal Reserve's warning about potential inflation expectations disrupting interest rate plans highlights the uncertainty in the U.S. bond market [5] - Domestic News: The Ministry of Commerce announced measures to support the development of international consumption centers in major cities, aiming to enhance the consumption environment [6] - Industry News: The expansion of the national carbon emissions trading market to include steel, cement, and aluminum industries, covering over 60% of national CO2 emissions, indicates a significant regulatory shift [7]